News

Iran to free 4 environmentalists convicted as spies

bne Tehran bureau April 8, 2024

Iran's Leader Ayatollah Ali Khamenei has ordered the release of four Iranian environmentalists who were convicted of spying for the US government.

Russia declares federal emergency as flooding forces thousands to evacuate homes

bne IntelliNews April 8, 2024

Thousands of people have been forced to evacuate their homes following severe floods in the Russian city of Orsk. Orsk, in Russia’s Orenburg region, is close to the Kazakh border, around 1,800 km east of Moscow.

Profits of Coca Cola’s Russian division quadruple, despite promise to pull out

bne IntelliNews April 8, 2024

Coca-Cola promised to pull out of Russia, but all it has done is drop its famous brand for a new local one and moved ownership to a Russia-based operating company

Slovak heritage institution co-operates with Russian counterpart headed by spy chief

Albin Sybera April 8, 2024

Matica slovenska continues to cooperate with Russian Historical Society headed by Sergey Naryshkin, investigative website reports.

EU and US promise over $356mn in fresh assistance to Armenia

Ani Avetisyan April 8, 2024

Azerbaijan shows displeasure by staging clashes on Armenia's border.

PiS tops Polish local elections but likely to lose three regions

Wojciech Kosc in Warsaw April 8, 2024

Exit polls predict that Law and Justice won 33.7% of the vote, compared to 31.9% for the Civic Coalition, led by Prime Minister Donald Tusk.

Magyar steps up as challenger to Orban in largest anti-government protest since 1988

Tamas Csonka in Budapest April 8, 2024

The demonstration is a huge defeat for Fidesz, which has tried desperately to discredit Magyar, bit it is also a huge slap in the face for the opposition, which has been unable to gather a crowd similar to Saturday's rally.

Smarter US sanctions seen driving down Turkey-Russia trade

bne IntelliNews April 7, 2024

Turkish exports to Russia fall one third in first quarter.

Turkey cancels visa-free travel for Tajiks as Tajikistan rejects Kremlin’s claims Ukraine recruits mercenaries in Dushanbe

bne IntelliNews April 7, 2024

Moscow’s assertion has no basis in fact, says Tajik foreign ministry.

Pellegrini beats Korcok to become the next Slovak president

Albin Sybera April 7, 2024

Parliamentary speaker's victory has raised fears that it will strengthen populist premier Robert Fico’s grip on the country’s institutions.

Turkish exporters demand dual exchange rate system, push for 40 to dollar minimum

Akin Nazli in Belgrade April 6, 2024

IHBIR trade group says companies forced to sell 40% of FX revenues to central bank at rate far behind inflation.

Kyrgyzstan: China solidifying economic hold on Bishkek

Eurasianet April 5, 2024

Fear of secondary sanctions prompting the cutting of a major fiscal cord with Russia.

Poles go to municipal elections in first political test for Tusk’s coalition

Wojciech Kosc in Warsaw April 5, 2024

Recent polls show that Tusk’s Civic Coalition averages nearly 31% of the regional vote, followed by PiS at just over 28%.

Orban’s son-in-law and Russian oligarch reportedly attempted to buy stakes in Spar

Tamas Csonka in Budapest April 5, 2024

The bids were allegedly part of a campaign by the Hungarian government to force the retailer to allow businessmen close to the Orban regime to enter the company.

Romania holds policy rate at 7%

Iulian Ernst in Bucharest April 5, 2024

Inflation is expected to continue decline, but still unclear if central bank will launch monetary easing cycle in May.

Iran's supreme leader performs impromptu prayers for murdered Revolutionary Guards

bne Tehran bureau April 5, 2024

Iran’s Ayatollah Ali Khamenei, the Supreme Leader of the Islamic Republic, performed prayers over the coffins of the seven murdered Islamic Revolutionary Guards Corps (IRGC) in Tehran late on April 4

McDonald's to buy back Israeli franchise from Alonyal following IDF support

bne IntelliNews April 4, 2024

McDonald's is acquiring its Israeli franchise from Alonyal Ltd, regaining control over 225 outlets in Israel. Alonyal's move to pull out follows recent controversies.

Euromax Resources mulls international arbitration over North Macedonia mine dispute

Valentina Dimitrievska in Skopje April 4, 2024

Canada-based exploration company says its rights were "trampled on" by Skopje.

Sunni militant attack on security forces jolts Iran

bne Tehran bureau April 4, 2024

At least three military bases in Iran’s south-eastern province of Sistan-Baluchestan have come under insurgent attacks in the early hours of April 4 security forces with at least 12 security forces reported killed.

Iran to ration fuelling at petrol stations amid price hike rumours

bne Tehran bureau April 4, 2024

Iranian motorists will have to use “only” their fuel cards to fill up their cars at petrol stations as of April 13, Oil Minister Javad Owji said, as the government is set to cut down high fuel consumption.

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